ArabPlast: Gulf chemicals industry is second largest with manufacturing sector
Organisers of the 13th annual ArabPlast event said at a press conference on 3 January said that the Gulf chemicals industry is the second largest within the manufacturing sector, creating over 500,000 jobs and US$108bn worth of products in 2015.
Organisers of the premiere regional plastics show added that the UAE and Saudi Arabia had 13.7m tons/year and 98.5m tons/year of petrochemical capacity respectively in 2016, according to the Gulf Petrochemicals and Chemicals Association (GPCA), and combined, hold 74 per cent of the chemicals portfolio of the Arabian Gulf.
The 13th edition of the show is supported by Borouge, a leading provider of innovative, value creating plastics solutions as the show's principal sponsor, and Tasnee as the show's platinum sponsor. ArabPlast is among the top rated specialised shows of machinery worldwide and top trade show in the Middle East in the volume of machinery on display.
The press conference was addressed by Satish Khanna, General Manager, Hazeem Sultan Al Suwaidi, Senior Vice President Regional Middle East Africa and Exports at Borouge, and Hassan Al-Ahmadi, VP of BU Chemicals and Polymers, TASNEE.
Satish Khanna explained, “It is a great pleasure to announce the 2017 edition of the biennial ArabPlast exhibition along with our partners. Borouge has been a prime supporter of ArabPlast over the years and continues to play an instrumental role in the growth and development of this regional tradeshow."